Home insurance ''a necessity''
By MoneyhighStreet Staff. Published on September 11, 2008 This post currently has one comment.
Home insurance is a "necessity" given the flood risk posed to property in the UK, according to the Fair Investment Company.
One in ten British households are at serious risk of damage from flooding, figures from the insurance company show, although more than one third of people still do not have any cover of this kind.
Just 57 per cent of men and 64 per cent of women take out cover for their property and personal possessions contained within.
Rachael Stiles, spokesperson for the Fair Investment Company, warned that Britons "should not" be cutting back on home insurance during the current period of financial difficulty.
She said: "It has come as quite a surprise that such a large volume of home owners and tenants have no home insurance cover at all. Particularly considering the number of floods we have seen in recent years.
"With so many homes at risk due to poor flood defences, home insurance really is a necessity that should not be forgone."
Related Feature Articles:
LPG helps reduce your car running costs |
Travel Insurance - should you have it? |
High Value Home Insurance |
Comments
One Response to “Home insurance ''a necessity''”
Got something to say?
There is no doubt about the fact that millions of people staying in US have heard about home insurance. However still many don’t invest in the many benefits that you receive with homeowners insurance, or spend the time looking at different policies to see what they are all about. Everyone wants to live in their own home peacefully without the intrusion of the outside world. Most people consider their home the one place they actually consider safe. When you invest in a home insurance policy you are protecting against damages caused by fire, wind storms, hail, vandalism, and explosions. Your homeowner’s insurance policy will cover the costs for you and your family. A homeowner’s insurance company will offer you coverage based on the age of the owner, location of the home, value that the home is worth, and the credit rating of the owner.